932 Circumstances in which meeting of members of transferee company not required (division)
932 Circumstances in which meeting of members of transferee company not required (division)
Companies Act 2006 | Legislation

(1)     In the case of a division, it is not necessary for the scheme to be approved by the members of a transferee company if the court is satisfied that the following conditions have been complied with in relation to that company.

[(2)     The first condition is that either subsection (2A) or subsection (2B) is satisfied.

(2A)     This subsection is satisfied if publication of notice of receipt of the draft terms by the registrar took place in respect of the transferee company at least one month before the date of the first meeting of members of the transferor company summoned for the purposes of agreeing to the scheme.

(2B)     This subsection is satisfied if—

(a)     the conditions in section 921A(2) to (4) are met in respect of the transferee company,